Edwin Mutai

Correspondent at Business Daily Africa

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Articles

Maseno, RVTTI on the spot over skewed hiring

3 weeks ago | nation.africa | Edwin Mutai

Parliament has directed Maseno University and the Rift Valley Technical Training Institute (RVTTI) to correct the glaring staff ethnic imbalance in their staff composition within three years. The National Assembly’s Public Investments Committee on Governance and Education was on Wednesday shocked to learn that 90 percent or 201 out of 223 staff employed at the Eldoret-based RVTTI are from the Kalenjin community.
Police own disputed land in Langata, PS Korir says

3 weeks ago | nation.africa | Edwin Mutai

The Ministry of Lands now says the National Police Service (NPS) is the rightful owner of a multi-billion shillings parcel of land that is being claimed by a women's group in Langata Constituency, Nairobi. Principal Secretary Nixon Korir told the National Assembly’s Lands Committee that LR. No. 209/10610, measuring 28.66 hectares belongs to the National Police Service and not the over 700 members of Wilson Mutumba Women Group.
China to charge toll on last phase of Naivasha-Kisumu SGR

3 weeks ago | nation.africa | Edwin Mutai

A consortium of Chinese firms will charge the toll on the last 40 percent of the third leg of the standard gauge railway (SGR) from Naivasha to Malaba, the National Treasury has said. National Treasury Cabinet Secretary John Mbadi said the government is in discussion with Chinese firms to extend the line from Naivasha to Uganda. Mr Mbadi did not disclose the amount of time that the consortium of Chinese firms will take to recoup their investments.
Mbadi: Debt has hit its peak but country needs to borrow more

3 weeks ago | nation.africa | Edwin Mutai

The Treasury says the country's public debt is running a very expensive government despite the public debt hitting its peak. Mr Mbadi said the country’s borrowing space is shrinking while demand for more resources both from the national and county governments is rising. He told the National Assembly’s Budget and Appropriations Committee (BAC) that whereas the country’s debt is sustainable, the danger is the maturity of the debt. “We have just hit a peak like Mt Kenya.
Treasury, SRC clash over pension review law

4 weeks ago | nation.africa | Edwin Mutai

The National Treasury and the Salaries and Remuneration Commission (SRC) have sharply differed over a Bill that seeks to provide for the automatic cost-of-living adjustments to the pensions earned by all retired public servants.
CBK says to step-up purge on banks not lowering interest rates

1 month ago | businessdailyafrica.com | Edwin Mutai

The Central Bank of Kenya (CBK) has warned of a stiffer fine against commercial banks that failed to cut their interest rates in line with its indicative lending rate to unlock cheaper credit. CBK Governor Kamau Thugge told the National Assembly Finance and National Planning Committee that any lender found to be culpable of withholding benefits of reduced lending costs to borrowers will be penalised.
MPs summon CMA boss over fishy NSSF bond deals

1 month ago | businessdailyafrica.com | Edwin Mutai

Parliament has summoned the Capital Markets Authority (CMA) over the National Social Security Fund‚Äôs (NSSF) involvement in questionable bond transactions in which Sh2 billion is feared lost. The National Assembly‚Äôs Finance and National Planning committee heard that the Central Bank of Kenya (CBK) last year flagged the questioned investments transaction and alerted the CMA on August 19, 2023.
Miradi mitatu ya KDF ya Sh21 bilioni iliyoanzishwa na Kenyatta yakwama

1 month ago | taifaleo.nation.co.ke | Edwin Mutai

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Uhuru's Sh21 billion KDF projects stall over funding

1 month ago | nation.africa | Edwin Mutai

Three Kenya Defence Forces (KDF) projects worth Sh21.9 billion started towards the end of former President Uhuru Kenyatta's last term in office have stalled due to lack of funding. The projects, which started between November 2021 and June 2022, are all way past their completion dates. President William Ruto's Kenya Kwanza administration has not made budgetary allocations to complete the mega projects.
Parliament calls for audit of Kenya's new diplomatic missions abroad

1 month ago | nation.africa | Edwin Mutai

Parliament has called for an audit of the economic viability and strategic significance of the new missions and consulates abroad. The National Assembly’s Defence, Intelligence, and Foreign Committee say this will ensure that only strategic and economically viable missions or consulates are funded in the budget before they are operationalised.